Directory
Business Interruption Claims
When disasters strike, BKD can assist you with the steps involved in both developing and reviewing business interruption claims.
Filing a business interruption claim to maintain your business during the recovery period can be particularly complex. To make a successful claim against a business income policy, you need to prove and document damages to the extent they are covered by the insurance policy, and you’ll need to estimate the profit you would have earned during the recovery period. The process will involve numerous participants—each with different interests and expertise—and can require tremendous documentation and analysis. Much of the documentation will be accounting records and reports.
Our professionals are experienced in assisting businesses and insurance companies with claims arising from large natural disasters, as well as occurrences on a smaller scope such as fires, power interruption and road construction. We have experience as expert witnesses and can assist you and your attorneys with denied claims.
Our approach includes:
- Partner involvement to lend experience, credibility and continuity to the process
- Assistance in multiple aspects of the process, including developing forecasts of expected operations, quantifying lost sales or customers, analyzing past trends and competitors and documenting expense mitigation
- Quick response to accelerate the process
- Working with the insured and insurance company adjusters to settle claims
- Interpretation of insurance policy related to business interruption
- Documentation and expert testimony for disputed or litigated claims
- Identifying issues common to all business valuations, as well as industry-specific issues
Jim Snyder
Jim Snyder
Managing Partner
Forensics & Valuation Services
Kansas City
816.221.6300
Angela Morelock
Angela Morelock
Partner
Forensics & Valuation Services
Not-for-Profit & Government, Professional Services
Springfield
417.865.8701
Todd Burchett
Todd Burchett
Partner
Forensics & Valuation Services
Professional Services
San Antonio
210.341.9400
Shauna Woody-Coussens
Shauna Woody-Coussens
Director
Forensics & Valuation Services
Not-for-Profit & Government, Professional Services
Kansas City
816.221.6300
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